Based on Member request Nasdaq Nordic introduces a possibility to opt-out from having orders benefitting from the Internal Crossing priority during continuous trading.
A Member may opt-out on user level from having orders benefitting from the internal priority. If a Member opt-out, aggressive orders will be automatically matched in accordance with following priority; 1=price; 2=displayed; 3=time; hence no internal Member priority.
Protocol specifications
There are no updates to INET Nordic protocols due to this change. Latest INET Nordic protocol specifications are available at the Nasdaq Nordic Technical Information website, under INET Nordic Protocol Specifications.
Documentation
Changes will be reflected in INET Nordic Market Model and Nasdaq Nordic Member Rules (“NMR”) effective June 7, 2017, published on Rules and Regulations for the Nordic Markets.
Time schedule
- INET Test (NTF) – May 15, 2017
- INET MiFID II Test (M2) – May 15, 2017
-
INET Production – June 7, 2017
How to order the service
Members interested in this service should contact Nasdaq Cash Equity Operations for ordering the configuration change.
Questions and feedback
For further information and feedback concerning this information, please contact:
Riitta Pesiö
Tel: +46 8 405 6437
E-mail: riitta.pesio@nasdaq.com
Support
For technical questions, please contact:
Nasdaq Cash Equity Operations
Tel: +46 8 405 6410
E-mail: operator@nasdaq.com
Best regards,
Nasdaq Nordic
Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm are respectively brand names for Nasdaq Copenhagen A/S, Nasdaq Helsinki Ltd, Nasdaq Iceland hf. and Nasdaq Stockholm AB.